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Tabreed Repays 735-Million Dirham Islamic Bonds Maturing Today

20/07/2011 08:23:10 AM GMT   Comments ()     Add a comment   Print     E-mail to friend

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National Central Cooling Co., known as Tabreed, said it repaid a 735 million-dirham sukuk ($200 million) that matures today.

“The repayment of the 2006 sukuk today was contemplated in our structuring of the recapitalization program and improves the company’s overall financial position,” Chairman Waleed Al Mokarrab Al Muhairi said in a statement to Dubai bourse today. “The strong capital structure that was put in place with the recapitalization program underpins Tabreed’s long-term growth potential.” Wire External Story - Read full article here is not responsible for the content of external internet sites


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